10-Year Treasury Yield Nears 2014 Low On Iraq, Ukraine Worries

By Michael Aneiro

It’s a risk-off day as far as bond markets are concerned, with an assortment of geopolitical worries coming together to push bond prices higher. The 10-year Treasury yield fell to an intraday low of 2.431%, per Tradeweb data, and it currently sits at 2.435%, with the note’s price up 11/32 on the day. The 30-year bond is up 19/32 to yield 3.243%. If the 10-year yield holds at its current level through the end of the day, it would mark its lowest closing level this year.

UPDATE: The original version of this post incorrectly stated that the 10-year yield’s low point of 2.431% today marked a new intraday low this year. On May 28, the 10-year yield hit an intraday low of 2.434% before closing at 2.438%, its lowest closing level this year, but on May 29 it fell further to 2.402% intraday, the lowest intraday level this year, before closing higher at 2.447%.

Amey Stone is Barron’s Income Investing blogger and Current Yield columnist. She was formerly a managing editor at CBS MoneyWatch, MSN Money and AOL DailyFinance. Her responsibilities included overseeing market coverage and personal finance topics. Prior to those roles, she was a senior writer at BusinessWeek where she authored the Street Wise column online and contributed to the magazine’s Inside Wall Street column. Topics covered included economics, corporate finance, Fed policy, municipal bonds, mutual funds and dividend investing. She co-authored King of Capital, a biography of Citigroup Chairman Sandy Weill. She is a graduate of Yale University and Columbia University’s Graduate School of Journalism.